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- #144
- Mar 31, 2009 11:22pm Mar 31, 2009 11:22pm
Here's a live trade I just took on the 5min chart of eurjpy...took +20 on it.
There were 3 higher lows marked with the red number below the candles (a retrace). Entry was on the break of candle no. 3 low. The trend was down as indicated by the linear regression channel and the EMAs. The indicator I use by now had changed to reflect the lower highs, but as this point we ignore them as they just confirm the downward trend.
There were 3 higher lows marked with the red number below the candles (a retrace). Entry was on the break of candle no. 3 low. The trend was down as indicated by the linear regression channel and the EMAs. The indicator I use by now had changed to reflect the lower highs, but as this point we ignore them as they just confirm the downward trend.
Hi all,
I've been following this method over on Babypips and became aware of his thread here.
I see that someone has already made an indicator, but I made another indicator for myself which just puts the numbers with the candles, writes text for the entry and stop price, and sounds an alert when price is at the entry price.
This one also visually keeps the last x number of bars counted so you can do some research. I didn't include the emas in it so it picks up all possibilities...you'll have to be the judge.
My chart shows the 30min t/f...that's...
